# Mahaveer Horizon — Mahaveer, Whitefield (Hoodi / Varthur Road), Bengaluru

Source: https://property-lens.ai/p/mahaveer-horizon-000438 (PropertyLens). Analysis generated 2026-10-18 from Karnataka RERA filings, quarterly promoter updates, public ratings and dated locality evidence. Figures marked "assumed" are model estimates that visitors can edit on the page; "observed" figures come from a named source.

## Summary
- Investment score: 58/100 (50 = the average analysed Bengaluru project, 12 points = one standard deviation). Evidence confidence 55%.
- Projected price growth: 10.7% per year over 5 years (likely range 7.3%–14.2%); 10.0% per year over 10 years.
- Net-wealth CAGR: 6.3% per year over an 8-year hold with a 75% loan at 8.5%. Cash-flow IRR: 9.0% (all-cash 8.8%). Gross rental yield: 0.0%.
- Status: under construction, RERA handover 2018-12-31. Type: plot, mid segment. Developer: Mahaveer (#27 in Bengaluru by RERA registrations).
- Address: MAHAVEER HORIZON, SY. NO. 44/1, HOODI VILLAGE, KR PURAM HOBLI. Homes: not filed. Land: 15.23 acres. Launched: 2013.
- RERA registrations: PRM/KA/RERA/1251/446/PR/171019/000438.

## Homes on offer

| Home | Carpet (sq ft) | Super built-up (sq ft) | Price per sq ft | Price | Rent per month |
|---|---|---|---|---|---|
| Plot | 1,707 | 1,705 | ₹5,050 (assumed) | ₹86.1 L | — |

## Score factors (this home vs the Bengaluru average)
- Price vs comparables: 7.2/10 (city average 6.2, +0.8 points), confidence 35%. ₹5,050 psf vs mid comps ₹9,500 (-47%; under-construction should price ~8% below ready). Price is a model estimate, so this factor carries a third of its normal weight until a listed price is observed.
- Rental demand & yield: 3.9/10 (city average 6.0, −4.1 points), confidence 38%. Gross yield 0.0% (₹0 psf/month); locality rental demand 9/10.
- Resale liquidity: 7.9/10 (city average 7.6, +0.6 points), confidence 50%. Locality resale depth 9/10; ticket ₹0.86 Cr narrows the buyer pool; UC resale needs builder NOC.
- Employment access: 8.9/10 (city average 5.2, +7.5 points), confidence 85%. Drive times now (Google Maps, 2026-09-16): ITPL Whitefield 12 min, ORR Bellandur (Ecospace) 27 min, Manyata Tech Park 32 min, MG Road (CBD) 34 min; 2 of 7 major hubs within 30 min; 9 msf office pipeline (3 yr).
- Metro, bus, rail & airport: 6.3/10 (city average 4.8, +2.7 points), confidence 60%. Purple Line stations Hoodi–Kadugodi; no planned station within 2 km; airport ~61 min by road now (Google Maps); .
- Schools, hospitals, daily needs: 8.5/10 (city average 7.0, +1.6 points), confidence 50%. Locality social-infrastructure index (interim, expert-set; POI distances pending Maps integration).
- Builder delivery & handover risk: 1.9/10 (city average 3.7, −4.8 points), confidence 60%. Mahaveer: 16+ projects, on-time 41% (derived); handover 2018-12-31 (RERA); 93 months past the RERA completion date, work on schedule (-16 pts).
- Layout, size, age, amenities, maintenance: 7.0/10 (city average 7.3, −0.4 points), confidence 50%. 60 units/acre; carpet/SBA ~72%; maintenance ~₹3.5 psf/month (assumed).
- Water, flooding, noise, infrastructure: 6.4/10 (city average 5.8, +1.3 points), confidence 50%. Cauvery Stage V reached parts of Whitefield in 2024-25; Varthur/Hoodi low-lying pockets flood
- Legal, title & approvals: 5.4/10 (city average 7.4, −4.1 points), confidence 55%. RERA registered; litigation: none reported; approvals: RERA registered; title: not verified. Due-diligence report lists 2 red flags (−3.1 pts).
- Expected price growth (5-yr CAGR model): 7.1/10 (city average 6.0, +7.0 points), confidence 56%. Model 5-yr price CAGR 10.7% (range 7.3–14.2%).

## Why prices should grow about 10.7% a year
- + 6.0%: Start with 6.0% a year: the normal long-run growth of Bengaluru home prices.
- + 0.7%: Add 0.7%: prices here rose 10.6% a year recently (2023-06 to 2026-06). Some of that pace continues, but it fades each year.
- + 0.0%: Prices are still affordable enough that this does not slow growth.
- + 1.6%: Add 1.6%: 9 million sq ft of new offices nearby means more people wanting homes here.
- + 0.3%: Add 0.3%: few unsold homes in the area (15 months of stock), so sellers have the upper hand.
- + 0.1%: Add 0.1% for new roads, metro and water lines, weighted by how likely they are to actually finish: Purple Line Whitefield extension (2023) (operational, 2023); Peripheral Ring Road (planned, 2030); Cauvery Stage V water (construction, 2027).
- + 2.0%: Add 2.0% for this project itself: unfinished homes are worth more once they are complete.
- = 10.7%: Result: about 10.7% a year, so a home worth ₹87.8 L today would be worth about ₹1.46 Cr in 5 years. We are 56% confident in the evidence behind this.

## Returns over 8 years
- Cash put in: ₹78.4 L. Exit value in year 8: ₹1.91 Cr. Net sale after loan and costs: ₹1.35 Cr. Net rent after running costs: ₹-2.8 L. Loan: ₹65.9 L (EMI ₹0.6 L per month). All-in cost: ₹93.6 L (other charges ₹1.7 L, GST ₹0.0 L, stamp duty and registration ₹5.8 L).

## Financial and legal due diligence (public record)
Automated from the Karnataka RERA file PRM/KA/RERA/1251/446/PR/171019/000438. Prices and rents are locality estimates, not verified listings.

### At a glance
- [POSITIVE] On its original RERA completion date: 2018-12-31
- 84% built per the latest filing
- [RED FLAG] 16 RERA complaints on this project (0 open); 23 on the promoter overall
- [POSITIVE] No litigation declared in RERA filings

### Risk meters (rule-based)
- Delivery timeline: 7/10. a registration completion date has already passed (−2)
- Legal & complaints: 6/10. 16 RERA complaints on the project (−3)
- Money to finish: 8/10. finance cost is 0% of the registered budget
- Developer strength: 5/10. no public credit rating for the promoter

### Red flags to resolve in writing
1. RERA completion date 2018-12-31 has passed without a completion application.
2. 16 K-RERA complaints on this registration.

### Complaints and disputes
- 16 complaints on this project at K-RERA (0 open); 23 on the promoter entity across projects. Subjects raised: Missing Basic Ammenities like Kaveri water, STP, Sewage line, Electricity underground cabl; Incompletion of amenities and project delivery not on time; Pending work for club house, common area development, Kaveri water wtp,stp, sewarage line,; Providing amenities and refund of interest on amount paid for amenities; Pending work for clubhouse, common area, kaveri water, wtp, stp, swearage line, electricit; Irregular maintainence, kaveri waterand Khata transfe.

### Credit ratings
- RED CORAL PROPERTIES: no public rating located

### Questions to put to the developer
1. Share the latest CA Form 4 and architect Form 5 with the escrow deposit ratio.
2. Confirm the price list, floor-rise and other charges for the exact unit.
3. Which date is contractual — 2018-12-31 — and what is the per-month delay compensation?
4. Confirm there is no litigation on the land or approvals beyond the RERA declaration.
5. Is the land freehold with the developer, and is any part mortgaged?

### Filed record
**RERA file · Registration**
- Registration: PRM/KA/RERA/1251/446/PR/171019/000438 · promoter RED CORAL PROPERTIES (Partnership Firm) · Proposed Project End Date at the time of registration :
- Dates: Start 2013-09-01 · original completion 2018-12-31 · no extensions · current date has passed [red]
- Progress: 84% complete per registration-time status
- Registered cost: Total ₹50.30 cr · land ₹5.14 cr · construction ₹45.16 cr
- RERA bank account: ORIENTAL BANK OF COMMERCE, RICHMOND ROAD (70% construction account)
- Money at registration: collected ₹3.89 cr · used ₹42.30 cr · balance ₹0.00 cr · delay declared: No
- Land & towers: 15.23 acres (61,640 sq m)
- Litigation declared: None declared in filings [green]
- K-RERA complaints: 16 on this registration (0 open) · 23 on the promoter entity across all its projects [red]
- Completion applied: 19/12/2020

**Complaint log (K-RERA) · 16 on this project**
- 2023-06-28 · 01006/2023: Missing Basic Ammenities like Kaveri water, STP, Sewage line, Electricity underground cable, clubhouse — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-06-28 · 01008/2023: Incompletion of amenities and project delivery not on time — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-06-28 · 01009/2023: Pending work for club house, common area development, Kaveri water wtp,stp, sewarage line, electricity under ground cable, play area, gardens — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-06-28 · 01010/2023: Providing amenities and refund of interest on amount paid for amenities — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-06-28 · 01011/2023: Pending work for clubhouse, common area, kaveri water, wtp, stp, swearage line, electricity under ground cable, play area, gardens --> none of these are completed — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-06-17 · 00936/2023: Irregular maintainence, kaveri waterand Khata transfe — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-04-25 · 00548/2023: Pending works for clubhouse, common area, kaveri water, WTP, STP, Sewage line, play area, gardens — DISPOSED AUTHORITY FULLBENCH (AUTHORITY)
- 2023-04-17 · 00499/2023: Pending amenities for the past 5 years; Pending basic amenities; No effort to complete and form association with all funds transfer. — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-04-15 · 00485/2023: Pending amenities for the past 5 years. Not even basic amenities like Water, STP functioning. no effort to maintain well/form association with all funds transfer. — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-04-15 · 00486/2023: pending work for clubhouse,common area, kaveri water,wtp,stp, swearage line, electricity under ground cable, play area, gardens, not completed — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-04-10 · 00442/2023: Pending amenities work STP, WTP , Kaveri water, Garden , Club House, Common area DG and play area — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-01-18 · 00095/2023: All amenities are not yet started / completed as per the sale agreement page 10 & 11, Item 13 & 14. — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2023-01-17 · 00074/2023: Delayed Project — DISPOSED AUTHORITY BENCH5 (AUTHORITY)
- 2022-11-29 · CMP/221129/0010412: pending work for clubhouse,common area, kaveri water,wtp,stp, swearage line, electricity under ground cable, play area, gardens, not completed — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2022-09-05 · CMP/220905/0009976: Stalled Development of Project — DISPOSED AUTHORITY BENCH4 (AUTHORITY)
- 2022-03-24 · CMP/220324/0009243: Pending Amenities for more than 3 years which is stalled — DISPOSED AUTHORITY BENCH4 (AUTHORITY)

### Sources and caveats
- Karnataka RERA project record PRM/KA/RERA/1251/446/PR/171019/000438 (registration file, quarterly updates, complaint register), fetched 2026-09-15
- PropertyLens locality model (market-level estimates)
- Caveats: Automated analysis: prices, rents and travel times are estimates until listings and Maps data are verified. RERA figures are the promoter’s own filings. Nothing here is legal, tax or investment advice.

## Assumptions used
- Price ₹5,050 per sq ft × 1,705 sq ft; other charges 2.0%; GST 0%; stamp duty + registration 6.6%; loan 75% at 8.5% for 20 years; rent ₹0 per month growing 5.0% a year with 5% vacancy; maintenance ₹0.3 per sq ft per month; hold 8 years; selling costs 1.5%.

Related: index of all analysed projects at https://property-lens.ai/llms.txt; JSON for this project at https://property-lens.ai/data/p/mahaveer-horizon-000438.json; printable due-diligence report at https://property-lens.ai/dd/mahaveer-horizon-000438.

PropertyLens scores and projections are model outputs built from dated public evidence and stated assumptions; they are not investment advice.